1st Look at Local Housing Markets in February

Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in February

A brief excerpt:

Here is a summary of active listings for these housing markets in February. Inventory was up 2.4% in February month-over-month (MoM) from January, and down 30.0% year-over-year (YoY).

It appears inventory has bottomed seasonally in some areas. Last month, these markets were down 38.8% YoY, so the YoY decline in February is smaller than in January. This isn’t indicating a slowing market, but maybe a few baby steps towards a more balanced market in some areas.

Notes for all tables:

1) New additions to table in BOLD.

2) Northwest (Seattle) and Santa Clara (San Jose)

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/